Efforts to Address Brazil's Fiscal Problems Include All of the Following

question 25

Multiple Choice

Efforts to address Brazil's fiscal problems include all of the following EXCEPT

• A) increasing federal taxes.
• B) placing limits on government expenditures
• C) expanded efforts to improve tax revenues.
• D) simplifying the federal tax code.
• E) disallowing state governments to borrow from public banks.

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Definitions:

Statute of Frauds

A legal principle requiring certain types of contracts to be in writing and duly signed by all parties involved, to be enforceable.

Promissory Estoppel

A legal principle that prevents a party from going back on a promise, even if it was not formally agreed to in a contract, if someone else has relied on that promise to their detriment.

Tort of Deceit

A legal cause of action that arises when one party intentionally lies or misrepresents a material fact with the intent to deceive another, causing harm.

Guarantor

An individual or entity that agrees to be responsible for another's debt or performance under a contract, should the primary party fail to meet its obligations.